Submitted by Charles Hugh-Smith via OfTwoMinds blog,
If an ossified, self-serving status quo refuses to adapt, collapse is the only way forward.
When everything's going great, nobody questions the nation's core institutions: they must be doing a great job because everything's going great.
David McWilliams - Print Punts As French Election Could See Euro Break Up
David McWilliams, economist, writer and journalist, has warned that the coming French election may lead to the euro breaking up and that Ireland should have a 'plan B' and 'print punts' in order to be ready for the collapse of the "single currency."
David McWilliams at Ireland’s Banking Inquiry
McWilliams writes
European and Asian stocks, S&P futures, bond yields, the dollar and commodity metals are rose, in some cases making new all time highs, lifted by the latest reemergence of the "Trump trades" as hopeful investors once again bet that the U.S. president's tax reform plans will boost economic growth and corporate profits, despite another warning from Goldman that the president's fiscal plan is about to be derailed.
Millions of residents in Hong Kong are being forced to live in inhumane conditions, with some of them living in tiny ‘coffin homes’ as the housing crisis in the city worsens. As rents soar, citizens are being forced to downsize their homes and live in 20-square-foot cages with barely enough space to lie down in. The United Nations has stepped in and declared the crisis “an insult to human dignity,” as experts claim that the impact of living in such conditions could have serious mental health consequences.
North Korea said it successfully test-fired a new type of medium- to long-range ballistic missile that is capable of carrying a nuclear warhead, the country's state-run media said Monday. The North Korean missile flew over 500 kilometers, landing in the sea and stirring up world leaders, with the US rushing to reassure its allies South Korea and Japan.